David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.
Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.
Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.
David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.
Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.
Meaningful, Mindful and Balanced
On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.
David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.
David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.
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Moving in the winter is no fun. Hefting heavy boxes in boots and parkas, not to mention travel in snowy weather doesn’t make an already stressful process easier, but there are surprising advantages to buying a home a winter that may make it worth the effort.
Sellers Are Motivated
Nearly half of existing home sales occur in the late spring and summer months. Buyers like to see a home in its summer glory, and homeowners prefer to sell when their property looks its best and moving is a breeze.
When a choice home shows up on the winter market, the chances are higher that the seller needs to relocate quickly and with fewer buyers on the hunt, it’s more likely that a lower offer may be considered.
Homes Are More Honest
Most properties look better after a spring primping, but in some cases, it’s possible that the fresh coat of paint on the walls is covering up defects buyers would rather see. The harsh winter elements bring out the worst in both houses and landscaping, giving potential buyers the opportunity to see if the roof leaks or if heavy spring rains flow through cracks in the foundation. While these types of issues are common in most homes, they serve as a bargaining chip when they’re obvious.
The Loan Process Is Faster
April sees a rise in mortgage applications and with it comes the busy season for lenders, home appraisers, title companies and movers. Between Thanksgiving and New Year’s Day, there’s a welcomed lull and for buyers, that can translate into a 30 percent faster loan process from start to close.
There’s Less Competition For Top Properties
Home inventories are greatest in the spring and summer, but in a tight market, sellers with hot properties can play buyers against each other to get top dollar. Just a few competing bids can put the price of a buyer’s dream out of reach and use up valuable house-hunting time. While choices in winter may be limited, there’s a better chance of striking a favorable deal.
A smooth summer move may be less hassle, but give winter house-hunting a chance. Scoring a cold weather bargain on a dream home may be worth bundling up for.
There is no doubt that technology has already had a significant impact on the world of real estate. From online listings to 360-degree virtual tours to the ability to digitally upload and sign documents, technology has made it easier than ever to find, show and purchase a home. But all of that is just the tip of the iceberg. The real estate industry and the mortgage industry are generally thought of as two separate industries, but they are also inextricably linked to each other. Without one, the other doesn’t exist, so major changes in one industry lead to major changes in the other.
As it stands right now, even the fairly rapid sale of a home may still take a month or more to complete and generates several thousands of dollars in fees. There is an ocean of documentation and paperwork that must be compiled by various parties, with numerous checks and inspections conducted. The larger, more complex or expensive the property, the longer it generally takes. Of course, a cash sale makes the process faster and smoother, but realistically, cash sales are generally few and far between.
Up until now, most homebuyers have been okay with the sloth’s pace of buying a home. In some ways, they may even value the enormity of the process because of the enormity of the purchase. But Millennials, who have largely grown up using technology, are used to moving at a much faster pace and expect services to speed up as well. Thankfully, technology is emerging that will meet their demands. With secure document storage, lenders are able to do soft pulls on credit now to quickly offer terms without impacting the borrower’s credit score.
Instead of having to gather and fax mountains of documents, borrowers can simply access the majority of documents online and forward them to the lender, where they can also be quickly processed. With digital signatures, they don’t even have to make a visit to the bank. Funds can also be transferred digitally, which means closings may soon be a thing of the past as well. Agents can simply meet with their clients at a bar or restaurant to have a celebratory drink or dinner. With smart features in homes on the rise, they won’t even have to transfer keys, they’ll just get an electronic code to the front door.